Admit no wrong doing but yet pay out 2.6 billion, I get a kick out of that

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Citigroup in $2.65 Billion Settlement
NEW YORK (Reuters) - Citigroup (NYSE:C - News) on Monday said it would pay $2.65 billion to settle a class-action suit brought by holders of WorldCom stocks and bonds who claimed it had participated in the massive fraud with the phone company, now known as MCI.

he settlement allows Citigroup to put behind it one of the largest civil suits from its alleged involvement in numerous fraud cases from the late 1990s stock market bubble.

Citigroup, which admitted no wrongdoing in the settlement, said it has increased its reserve for other pending class-action cases against it to $6.7 billion. That figure excludes the WorldCom settlement costs.
http://biz.yahoo.com/rb/040510/worldcom_citigroup_5.html